💰The budget increases taxes by about $100 billion, which will be paid by young people.
📉The budget reduces the returns young entrepreneurs can get on their business investments.
🏦The budget aims to raise $6 billion by shifting potential gains into this fiscal year.
📈The budget does not provide significant help to the younger generation.
⚖️The budget creates a perverse tax structure that discourages growth and innovation.
Who will bear the burden of the increased taxes?
—Young people will be the ones paying the additional taxes.
How does the budget impact young entrepreneurs?
—The budget reduces the potential returns young entrepreneurs can get on their investments, making it harder for them to grow and succeed.
Why does the budget aim to raise $6 billion this fiscal year?
—By encouraging people to bring forward potential gains into this year, the government hopes to meet the $6 billion target.
Does the budget provide any significant assistance to the younger generation?
—No, the budget does not offer substantial help to the younger generation.
What is the overall impact of the budget on growth and innovation?
—The budget creates a tax structure that discourages growth and innovation, affecting the future potential of young entrepreneurs.
00:00Former Bank of Canada Governor David Dodge criticizes the federal budget.
00:06The budget raises taxes by about $100 billion, affecting young people.
01:32The budget reduces the returns young entrepreneurs can get on their investments.
03:38The budget aims to raise $6 billion by shifting potential gains into this fiscal year.
05:22The budget does not provide significant help to the younger generation.
06:43The budget creates a perverse tax structure that discourages growth and innovation.
